Share buyback

Released 14:25 21-Dec-2017

RNS Number : 1169A

VinaLand Limited

21 December 2017

21 December 2017

VinaLand Limited

Share buyback

VinaLand Limited ('the Company' or 'VNL') announces that, pursuant to the share buyback authority added to the Company's Memorandum and Articles of Association on 10 December 2010, on 20 December 2017, the Company purchased 2,330,000 Ordinary Shares of USD0.01 each at an average price of USD0.581 per share.

Following these transactions, VNL has spent USD221.1 million overall repurchasing 319,162,734 shares which have been cancelled. This represents 63.8 percent of the Company's 499,967,622 Ordinary Shares in issue prior to the beginning of the share buyback program and as a result, total voting rights in the Company have been reduced to 180,804,888.

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